The market volume of the Cyprus real estate fell by 51%

Cyprus real estate sales volume continues to decline - a decline of 51% was recorded in June 2013 compared to the same period in 2012, reported the online edition of the Cyprus Property News , citing data from the Land Department of the country. Indicators of the Cyprus housing market is gradually falling under the conditions of economic instability caused by the banking crisis. In June this year, 267 in all real estate transactions have been registered at the Land Department, while in the same month of 2012, this figure amounted to 543 transactions. local real estate market Experts point out that the activity on the part of Chinese investors, celebrated from October 2012 to April 2013, decreased significantly due to the effects of the Eurogroup decision, as well as due to the fact that some developers are now selling items at inflated prices. HomesOverseas.ru